#insurance-market

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#homeowners-insurance

Millions of Americans Live in 'Insurance Deserts'-but There Are Ways To Protect Your Home

Homeowners insurance is increasingly unaffordable for many due to climate change risks and exits by insurers from high-risk markets.

Travelers is the latest California insurer to raise rates. How to find coverage in your area

Travelers Insurance in California increasing rates by 15% due to wildfire risks, reinsurance costs, and inflation.

Another homeowners' insurance carrier leaves California

The Hartford Financial Services Group will no longer offer new homeowners insurance policies in California starting in February 2024.
The decision was made due to the unique challenges presented by California's homeowners insurance environment, including increased risks from wildfires.

Millions of Americans Live in 'Insurance Deserts'-but There Are Ways To Protect Your Home

Homeowners insurance is increasingly unaffordable for many due to climate change risks and exits by insurers from high-risk markets.

Travelers is the latest California insurer to raise rates. How to find coverage in your area

Travelers Insurance in California increasing rates by 15% due to wildfire risks, reinsurance costs, and inflation.

Another homeowners' insurance carrier leaves California

The Hartford Financial Services Group will no longer offer new homeowners insurance policies in California starting in February 2024.
The decision was made due to the unique challenges presented by California's homeowners insurance environment, including increased risks from wildfires.
morehomeowners-insurance
#climate-change

America's home insurance problem is set to intensify

Private home insurers are dropping customers, exacerbating risks for homeowners in areas prone to natural disasters.

Insurance in a Climate-Changed World - Non Profit News | Nonprofit Quarterly

Climate change's financial impact is immediate, affecting insurance costs and coverage availability significantly.

Opinion: How to cool California's heated home insurance market

Home insurance in California has been underpriced for too long, leading to insurers paying out more than they collect in premiums, making the market unsustainable.

Hurricanes can turn a house from asset to liability

Flood damage transforms houses from assets to liabilities for homeowners, particularly highlighted during hurricane seasons.
Only a small percentage of Americans carry flood insurance, facing rising costs amidst climate-related risks.
FEMA's flood insurance program is significantly underfunded, burdening homeowners without adequate private market solutions.

'The sexiest race on the ballot': Why the role of insurance commissioner is suddenly in the spotlight

Climate change significantly impacts home insurance prices, affecting everyday Americans and shifting public focus towards insurance commissioners.

America's home insurance problem is set to intensify

Private home insurers are dropping customers, exacerbating risks for homeowners in areas prone to natural disasters.

Insurance in a Climate-Changed World - Non Profit News | Nonprofit Quarterly

Climate change's financial impact is immediate, affecting insurance costs and coverage availability significantly.

Opinion: How to cool California's heated home insurance market

Home insurance in California has been underpriced for too long, leading to insurers paying out more than they collect in premiums, making the market unsustainable.

Hurricanes can turn a house from asset to liability

Flood damage transforms houses from assets to liabilities for homeowners, particularly highlighted during hurricane seasons.
Only a small percentage of Americans carry flood insurance, facing rising costs amidst climate-related risks.
FEMA's flood insurance program is significantly underfunded, burdening homeowners without adequate private market solutions.

'The sexiest race on the ballot': Why the role of insurance commissioner is suddenly in the spotlight

Climate change significantly impacts home insurance prices, affecting everyday Americans and shifting public focus towards insurance commissioners.
moreclimate-change
#legislation

UnitedHealth Group shares keep falling, other health insurance stocks follow, as criticism of the industry heats up

Major insurance stocks have fallen dramatically due to online criticism and scrutiny following CEO Brain Thompson's death and legislative actions.

Gavin Newsom said he wants to help California's home insurance crisis, but details are sparse

Gov. Gavin Newsom vowed to accelerate insurance market price increase reviews to address California's insurance crisis.

UnitedHealth Group shares keep falling, other health insurance stocks follow, as criticism of the industry heats up

Major insurance stocks have fallen dramatically due to online criticism and scrutiny following CEO Brain Thompson's death and legislative actions.

Gavin Newsom said he wants to help California's home insurance crisis, but details are sparse

Gov. Gavin Newsom vowed to accelerate insurance market price increase reviews to address California's insurance crisis.
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California Insurance Commissioner takes step to increase insurance availability in wildfire-distressed areas

California's new wildfire modeling regulation aims to improve insurance availability for high-risk areas.
The regulation seeks to stabilize the insurance market and hold companies accountable.

Insurtech growth fuels recruitment surge as London's insurance giants expand - London Business News | Londonlovesbusiness.com

The insurance market is experiencing the most favorable underwriting conditions in over a decade, with increasing job vacancies and rising profits.
#california

Climate Disasters Prompt Another Home Insurance Company to Leave a State

The Hartford Financial Services Group will no longer offer new policies to homeowners in California due to the challenges of insuring in wildfire-prone areas.
Insurers in California are raising premiums and reducing coverage in areas at risk of climate-juiced wildfires.

State Farm to Not Renew 72K Property Policies in California

State Farm won't renew 30,000 property and 42,000 commercial apartment insurance policies in California.
The non-renewals are due to financial health concerns and a need for long-term sustainability.

California insurance leader defends department's work amid pressure and home, auto challenges

California Insurance Commissioner Ricardo Lara is implementing rule changes to stabilize and improve insurance availability in the state.

Climate Disasters Prompt Another Home Insurance Company to Leave a State

The Hartford Financial Services Group will no longer offer new policies to homeowners in California due to the challenges of insuring in wildfire-prone areas.
Insurers in California are raising premiums and reducing coverage in areas at risk of climate-juiced wildfires.

State Farm to Not Renew 72K Property Policies in California

State Farm won't renew 30,000 property and 42,000 commercial apartment insurance policies in California.
The non-renewals are due to financial health concerns and a need for long-term sustainability.

California insurance leader defends department's work amid pressure and home, auto challenges

California Insurance Commissioner Ricardo Lara is implementing rule changes to stabilize and improve insurance availability in the state.
morecalifornia

Data Shows No Huge Spike In Shoplifting Since Passage Of Prop 47 | KQED

Prop 47 reduced penalties for drug possession and shoplifting from felonies to misdemeanors.
There is debate and ongoing efforts to roll back or modify Prop 47.

Following Up With A Litigation Risk Insurance Broker (Part II)

Claims activity in the litigation risk insurance market has increased in the past year or two, shaping how insurers view new opportunities.
Several sizable claims have been paid out in the market, with no challenges from insurers.

State Farm Seeks Enormous Rate Increases in California to Prevent Insolvency | KQED

California Insurance Commissioner investigates State Farm's financial stability and potential impact on consumers.

Citizens chooses higher rate hikes for South Florida than its own numbers indicate

Citizens Property Insurance Corp. approved a 14% rate hike for 2025, aiming to reduce policyholders.

Elias: California insurance chief giving in to the industry's demands

California Insurance Commissioner aims to implement secret black box computer models for insurance pricing, potentially costing property owners billions more.
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